RBC names co-CEOs to lead its European arm
RBC framed the move as part of a push to speed up growth across its European businesses.
The bank runs three business lines in the region, spanning asset management, capital markets and wealth management, and said it wants the units to work more closely together to win market share.
RBC pointed to its acquisition of Brewin Dolphin as a driver of its wealth management expansion, saying the integration had made it one of the top five providers in the UK.
The bank also said it had grown its capital markets business across client sectors and geographies.
“After many years of building and investment, we are ready to accelerate our growth ambitions in Europe,” said Derek Neldner, group head of RBC Capital Markets.
